Lamprell Wins Offshore Wind Project
Lamprell announced that it has been selected by GeoSea Procurement & Shipping Luxembourg SA, a wholly owned subsidiairy of GeoSea NV, the lead engineering, procurement, construction and installation contractor on the Moray East offshore wind farm, to fabricate jacket foundations for the project.
Lamprell, the provider of fabrication, engineering and contracting services to the offshore energy industry, said it will fabricate 45 out of approximately 100 jacket foundations required for the wind farm, plus three jackets for the offshore substations also being installed for use on the project.
Total project value is in excess of $200 million. All fabrication work will be performed in Lamprell (LAM.L)'s Hamriyah and Sharjah yards in the UAE and is expected to commence in Q2 2019.
Lamprell will deliver the jackets to GeoSea from its deep water quayside in the Hamriyah port where GeoSea will transport the jackets to the offshore windfarm field in the North Sea.
The Moray East offshore windfarm project is a 295 km2, 950MW project which is located off the north eastern coast of Scotland and which will be developed and operated by Moray Offshore Windfarm (East) Ltd, GeoSea's client. The wind farm is expected to provide cost effective power for 950,000 U.K. homes.
Christopher McDonald, CEO, Lamprell, said, "The contract award manifests our commitment to the fast growing renewables industry which, despite the recent challenges, remains a core strategic focus for Lamprell.
"Over the past 18 months we have upskilled our workforce and enhanced our systems and processes in order to enable us to deliver projects in the renewables segment safely, cost effectively and to a high standard. We look forward to working with GeoSea over the months to come."